Moloney Securities Asset Management LLC Has $1.46 Million Position in Celestica, Inc. $CLS

Key Points

• Moloney Securities Asset Management LLC increased its position in Celestica, Inc. by 10.7% during Q2, now owning 9,370 shares valued at approximately $1.46 million.
• Celestica's recent earnings report revealed an EPS of $1.39, exceeding expectations, and a year-over-year revenue increase of 21.0%.
• Analysts have set varied price targets for Celestica shares, with BMO Capital Markets raising theirs from $230 to $300, reflecting a generally positive outlook on the stock.

Moloney Securities Asset Management LLC raised its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,370 shares of the technology company's stock after buying an additional 907 shares during the period. Moloney Securities Asset Management LLC's holdings in Celestica were worth $1,463,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after buying an additional 22,452 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Celestica during the 2nd quarter valued at $343,000. Think Investments LP acquired a new stake in shares of Celestica during the 1st quarter valued at $14,939,000. Royal Bank of Canada raised its holdings in shares of Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS opened at $296.76 on Friday. The company has a market capitalization of $34.14 billion, a PE ratio of 64.23 and a beta of 1.88. Celestica, Inc. has a one year low of $58.05 and a one year high of $300.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company's fifty day moving average price is $238.39 and its 200 day moving average price is $169.67.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

CLS has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of Celestica from $230.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, October 14th. UBS Group restated a "neutral" rating and set a $208.00 price target (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. TD Securities downgraded shares of Celestica from a "buy" rating to a "hold" rating and raised their price target for the company from $130.00 to $238.00 in a report on Friday, October 3rd. Barclays raised their price target on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Celestica in a report on Thursday, October 16th. They set a "buy" rating and a $340.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average price target of $249.36.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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